Altria rose after Philip Morris USA and non-U.S. affiliates of Philip Morris International agreed to a contract manufacturing arrangement for combustible cigarettes, with initial shipments expected in early 2027 subject to operational readiness and regulatory requirements. The deal is intended to improve manufacturing efficiency, generate economic benefits and support Altria’s 2028 Enterprise Goals, while some capabilities could transfer to its international nicotine initiatives. The companies do not expect a material effect on 2026 financial results and will remain independent, with separate commercialization, distribution and regulatory responsibilities. PMI said it has not commercialized combustible cigarettes in the U.S. and has no plans to do so. Altria’s broader manufacturing partnerships are also linked to the U.S. double duty drawback, which can allow exporters to recover certain federal excise taxes. Altria shares traded above their 200-day average but below their 50-day average, with neutral momentum. Analysts hold a Hold consensus view, with an average price target of $70.